India bought canola oil for delivery in August for the first time in nearly five years, as local prices hit a three and a half-year high, making overseas purchases lucrative, industry officials told Reuters.
India imports canola oil after 5 years as local prices surge
FCC extends support for canola producers
Decision comes after continued global trade disruption, including new Chinese tariffs on canola seed.
Farm Credit Canada has extended its Trade Disruption Customer Support program to canola producers.
U.S. soybean farmers urge Trump to make purchase deal with China
U.S. soybean farmers urged President Donald Trump in a Tuesday letter to reach a trade deal with China that secures significant soybean purchase agreements, warning of dire long-term economic outcomes if the country continues to shun the U.S. crop.
Canada’s annual inflation rate eases to 1.7 per cent in July, core measures stay firm
Canada’s annual inflation rate eased to 1.7 per cent in July from 1.9 per cent in the prior month as lower year-on-year gasoline prices kept the consumer price index low, but core measures of inflation stayed sticky, data showed on Tuesday.
U.S. biofuel policies bearish for Canadian oilseeds but opportunities in sight says FCC
Farm Credit Canada reports on biofuel trends to watch amid continued U.S. policy wrangling
While U.S. policy changes may reduce demand for Canadian canola and biofuel exports, but a Farm Credit Canada economist says other renewable fuel opportunities could spur growth.
China buys first Australian canola cargo since 2020, traders say
A Chinese state-run trading firm has booked a cargo of about 50,000 metric tons of new-crop Australian canola, two traders told Reuters, just days after Beijing imposed temporary levies on top supplier Canada.
Parties unitedly condemn China tariffs on Canadian canola
China’s 75.8 per cent tariffs against Canadian canola seed called ‘unjustified,’ spark calls for immediate federal response from Canada’s Liberal government
China's 75.8 per cent tariffs against Canadian canola seed called 'unjustified' spark calls for immediate federal response from Canada's Liberal government.
India’s Modi vows to protect farmers, cuts tax, pushes self-reliance amid Trump tariff tensions
Urges self-reliance
Indian Prime Minister Narendra Modi urged the country on Friday to move towards more self-reliance, manufacture everything from fertilisers to jet engines and EV batteries, and vowed to protect farmers in the face of a trade conflict with Washington.
Brazil in talks with Canada to revive Mercosur trade deal
Broad push to diversify trade
Brazil is engaged in a "constructive dialogue" with Canada to resume negotiations for a free trade agreement between South America's Mercosur bloc and Ottawa, the Brazilian Foreign Trade Secretary said.
Importers struggle to resell Canadian canola meal caught in China tariff crossfire
Importers are struggling to resell several cargoes of Canadian canola meal that arrived in China after Beijing imposed hefty import tariffs on the protein-rich ingredient, three trade sources said.
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